Trusts, Estates & Probate

4.21

Asset Ownership and Transfer Basics for New Trusts and Estates Attorneys

Credits Available
Credit Status Total
Alaska CLE Reciprocity 1 Total
Arkansas CLE Approved 1 Total
Arizona CLE Approved 1 Total
California CLE Approved 1 Total
Colorado CLE Approved 1 Total
Connecticut CLE Approved 1 Total
Delaware CLE Approved 1 Total
Florida CLE Approved 1 Total
Georgia CLE Approved 1 Total
Hawaii CLE Approved 1 Total
Iowa CLE Upon Request 1 Total
Idaho CLE Approved 1 Total
Illinois CLE Approved 1 Total
Indiana CLE Approved 1 Total
Kansas CLE Upon Request 1 Total
Kentucky CLE Approved 1 Total
Louisiana CLE Upon Request 1 Total
Maine CLE Approved 1 Total
Minnesota CLE Approved 1 Total
Missouri CLE Approved 1.2 Total
Northern Mariana Islands CLE Approved 1 Total
Mississippi CLE Approved 1 Total
Montana CLE Approved 1 Total
North Dakota CLE Upon Request 1 Total
Nebraska CLE Approved 1 Total
New Hampshire CLE Approved 1 Total
New Jersey CLE Approved 1.2 Total
New Mexico CLE Approved 1 Total
Nevada CLE Approved 1 Total
New York CLE Approved 1 Total
Oklahoma CLE Approved 1 Total
Oregon CLE Upon Request 1 Total
Pennsylvania CLE Approved 1 Total
Rhode Island CLE Upon Request 1 Total
Tennessee CLE Approved 1 Total
Texas CLE Approved 1 Total
Vermont CLE Approved 1 Total
Washington CLE Approved 1 Total
Wisconsin CLE Approved 1 Total
West Virginia CLE Approved 1.2 Total
Wyoming CLE Upon Request 1 Total
OnDemand
57 minutes
Sharon Michaels
With Sharon L. Michaels from Sharon L. Michaels, Attorney at Law
Recorded August 28, 2025.
Product ID 100714

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Overview

Quick Guide to Ownership Structures, Transfer Methods, Trust Funding, and Tax Implications

Navigating asset ownership and transfer is a crucial part of effective estate planning, and understanding the key methods can help you protect clients' wealth and ensure it's passed on according to their wishes. This condensed guide breaks down the essentials of asset ownership and how to transfer assets during life and after passing. Build your core knowledge in trusts and estates law - register today!

  • Gain a clear understanding of how wills, testamentary trusts, and beneficiary designations work.
  • Explore how joint ownership and state laws determine who inherits property when there is no will.
  • Learn how to transfer assets into trusts.
  • Anticipate the tax implications of different asset transfer methods.

Abbreviated Agenda

  1. Types of Asset Ownership Explained
  2. Inter Vivos (Lifetime) Transfers
  3. Testamentary Transfers: Wills, Testamentary Trusts, and Beneficiary Designations
  4. Right of Survivorship and Intestate Succession
  5. Steps for Funding a Trust Properly
  6. Basic Tax Implications of Asset Transfers

Related Topics

Product ID 100714

Credit Details

Credits Available
Credit Status Total
Alaska CLE Reciprocity 1 Total
Arkansas CLE Approved 1 Total
Arizona CLE Approved 1 Total
California CLE Approved 1 Total
Colorado CLE Approved 1 Total
Connecticut CLE Approved 1 Total
Delaware CLE Approved 1 Total
Florida CLE Approved 1 Total
Georgia CLE Approved 1 Total
Hawaii CLE Approved 1 Total
Iowa CLE Upon Request 1 Total
Idaho CLE Approved 1 Total
Illinois CLE Approved 1 Total
Indiana CLE Approved 1 Total
Kansas CLE Upon Request 1 Total
Kentucky CLE Approved 1 Total
Louisiana CLE Upon Request 1 Total
Maine CLE Approved 1 Total
Minnesota CLE Approved 1 Total
Missouri CLE Approved 1.2 Total
Northern Mariana Islands CLE Approved 1 Total
Mississippi CLE Approved 1 Total
Montana CLE Approved 1 Total
North Dakota CLE Upon Request 1 Total
Nebraska CLE Approved 1 Total
New Hampshire CLE Approved 1 Total
New Jersey CLE Approved 1.2 Total
New Mexico CLE Approved 1 Total
Nevada CLE Approved 1 Total
New York CLE Approved 1 Total
Oklahoma CLE Approved 1 Total
Oregon CLE Upon Request 1 Total
Pennsylvania CLE Approved 1 Total
Rhode Island CLE Upon Request 1 Total
Tennessee CLE Approved 1 Total
Texas CLE Approved 1 Total
Vermont CLE Approved 1 Total
Washington CLE Approved 1 Total
Wisconsin CLE Approved 1 Total
West Virginia CLE Approved 1.2 Total
Wyoming CLE Upon Request 1 Total
Select Jurisdiction
CLE

Agenda

All times are shown in

  1. Asset Ownership and Transfer Basics for New Trusts and Estates Attorneys

    1. Types of Asset Ownership Explained
    2. Inter Vivos (Lifetime) Transfers
    3. Testamentary Transfers: Wills, Testamentary Trusts, and Beneficiary Designations
    4. Right of Survivorship and Intestate Succession
    5. Steps for Funding a Trust Properly
    6. Basic Tax Implications of Asset Transfers

Who Should Attend

This program is designed for attorneys. Accountants, trust officers, and paralegals may also benefit.

Speakers

Sharon L Michaels
Sharon L.
Michaels
Sharon L. Michaels, Attorney at Law
Speaker bio
Sharon L Michaels

Sharon L. Michaels

Sharon L. Michaels, Attorney at Law
Sharon Michaels

is the owner of her law firm located in Houston, Texas. She earned her Bachelor of Science degree in journalism, with honors, from Northwestern University; and her J.D. degree, magna cum laude, from the University of Houston. The First Court of Appeals in Houston selected Ms. Michaels as a briefing attorney with attendance at the court's oral arguments for cases upon appeal and drafted proposed court opinions for Justice James Warren. After service with the court, she began her own law firm emphasizing on the areas of trusts, estate planning, probate, and business transactional work.

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